picked up another $1,000 in halves on friday. this was from my credit union, of which last time i got 1 40% half from $1,000 in halves! this time was a bit better, i got 1 franklin and 7 40% halves. not bad, but not real good either.
when i first went to pick up my boxes, the credit union said the armored car company screwed up and dropped off quarters instead of halves, so they needed to make a special trip for my halves. i was chatting with the manager there and he said about 5 years ago, the FED got out of the coin business and only deals with the currency. when banks call in and order coin and currency, they still make the order thru the FED, but only the currency comes from the FED, the coins are stored at the armored car companies in their vaults. it got to be too big of a hassle for the FED to keep moving the coins, so they let the armored car companies store the coins in their vaults. this is an interesting tidbit, as it may help explain some things.
my CU uses Loomis as their armored car company and i think my local bank uses someone else. the boxes i get from my CU have kinda sucked, 1 90% and 8 40% in $2,000 in halves, while from my local bank, i got like 15 90% and 23 40% from $2,000 in halves. it appears that the Loomis "stash" has been picked over more than the company that services my local bank.
in theory it shrinks the population of halves if you use only one bank to order halves from. if someone really searched A LOT of halves, they may want to order from different banks that also use different car companies. i would stick with my local bank, but their car company charges .30 cents per roll as a re-wrap charge. i don't know if it's worth paying $15 per box of halves...i may try it once. given that the last 2 boxes from there gave me 10 90% and 13 40%.
Craig
when i first went to pick up my boxes, the credit union said the armored car company screwed up and dropped off quarters instead of halves, so they needed to make a special trip for my halves. i was chatting with the manager there and he said about 5 years ago, the FED got out of the coin business and only deals with the currency. when banks call in and order coin and currency, they still make the order thru the FED, but only the currency comes from the FED, the coins are stored at the armored car companies in their vaults. it got to be too big of a hassle for the FED to keep moving the coins, so they let the armored car companies store the coins in their vaults. this is an interesting tidbit, as it may help explain some things.
my CU uses Loomis as their armored car company and i think my local bank uses someone else. the boxes i get from my CU have kinda sucked, 1 90% and 8 40% in $2,000 in halves, while from my local bank, i got like 15 90% and 23 40% from $2,000 in halves. it appears that the Loomis "stash" has been picked over more than the company that services my local bank.
in theory it shrinks the population of halves if you use only one bank to order halves from. if someone really searched A LOT of halves, they may want to order from different banks that also use different car companies. i would stick with my local bank, but their car company charges .30 cents per roll as a re-wrap charge. i don't know if it's worth paying $15 per box of halves...i may try it once. given that the last 2 boxes from there gave me 10 90% and 13 40%.
Craig
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